27 CFR 179.11: MEANING OF TERMS
Mere possession of a license and a special tax stamp as a dealer in firearms does not qualify a person to receive firearms transfer-tax free.
ATF Rul. 76-22
The mere possession of a license and a special (occupational) tax stamp as a dealer in firearms does not qualify a person to receive firearms transfer-tax-free. Any person holding license and a special tax stamp as a dealer in firearms and not actually engaged within the United States in the business of selling NFA firearms may not lawfully receive NFA firearms without the transfer tax having been paid by the transferor.
Where it is, therefore, determined that the proposed transferee on a Form 3, Application for Tax-Exempt …
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